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>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >> well, we think there's a domestic rebound coming -- lizly -- liz: china -- >> recovery under way, off of what? 7% gdp growth, but up 9% next year. liz: and a growing middle class likes to travel. >> 250 million people entering middle class in china. liz: almost as many people in the u.s.. good to see you. >> good to see you. liz: closing bell ringing in six minutes, up 80 points for the dow, lots of green on the dow, we're coming right back, don't noaf of move. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low
>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >>...
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Dec 11, 2012
12/12
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-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at what that's meant for the u.s., you have troops, military bases, tangled up in geo political stuff across the globe. what kind of superpower does china want to be? >> well, china does not in my opinion want to be the kind of superpower that we normally think of in a military and strategic sense when we use that term. actually, the report that just came out said that the u.s. would remain dominant as the leading power in 2030. it was not as if -- it is not if the chinese are seeking or will replace the united states. tha
-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at...
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growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best mar market in the country we follow the last 12 months. the only tough time is in the evaluation area. ashley: chile, taiwan, italy. not so great. >> unfortunately for chile, doesn't have anything going on for it. the third most expensive country to follow, high risk, no momentum, unfortunate for them. italy cheap, everything else is a disaster. taiwan less risky, poor evaluations, poor momentum, poor fundamentals. ashley: appreciated, thank you for being here. tracy: everything isn't a disaster. they are lovers. it is all you need.
growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best...
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Dec 11, 2012
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want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have
want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather...
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Dec 11, 2012
12/12
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CSPAN
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a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for businesses to compete if the world. third, then we have to -- that will create -- that will be enormous. third, then there is a infrastructure investment that needs to be made. this is very important because in the context of the kiped of budget deal we'll get where we'll spend less going forward as businesses, we have to think about what our values are with respect to what we'll spend money on. the most important things we can spend money on is infrastructure to again create -- make investments in the future rather than just short-term spending. and then twin that with important support for research, basic resea
a piece that relates to technology companies, a lot of people say how are we going to compete with china with 1.3 billion people? the answer is we can have the entire world at our disposal by creating conditions that the best people in the wormed can come to the united states and study. >> and stay and start businesses. >> two, then we have to focus on faction, particularly the corporate tax reform, to get a system which is simpler and promotes efficiency and makes it easier for...
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Dec 11, 2012
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it may have had room to run, more so from palladium and the positive data from china. back to you. >> sharon, thank you very much. breaking news to brian shactman, nfl bounty case. brian. >> nine months after this story broke, paul announced he's vacating all penalties on four players. they are exonerated. the key here is the players were not in favor of tagliabue doing this. spent three years, 50,000 pages of documents indicting players. they exonerated them. two of them might return to play this season. >> thank you very much, brian shactman. >> to nasdaq, bertha coombs following big movers there. we have the advance there as well. >> we do. nasdaq 100 outperforming thanks to apple's recovery. off of the highs of the day. nonetheless it is contributing about a third of the outside impact to the nasdaq 100. facebook will be added tomorrow. watch that going into the close. it will be trading in the nasdaq, emphasis trades over at nyc. yahoo! has a mobile app for mail. today at a four-year high. that stock continues momentum. couple of deal-based stocks, trip adviser wi
it may have had room to run, more so from palladium and the positive data from china. back to you. >> sharon, thank you very much. breaking news to brian shactman, nfl bounty case. brian. >> nine months after this story broke, paul announced he's vacating all penalties on four players. they are exonerated. the key here is the players were not in favor of tagliabue doing this. spent three years, 50,000 pages of documents indicting players. they exonerated them. two of them might...
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Dec 11, 2012
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we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right now. i don't want to set up another committee, i don't want to give directions to committees to come back. you know there's an old adage here in the senate, there's nothing to be learned from the second kick in the shin from a mule. okay? we've already been down the path of a process. we had 12 really smart folks, six on each side, and i'm not willing to go down that route again. i want us to make the decisions now, i want the entitlement reforms put in place now, and i hope that speaker boehner will not negotiate a way the debt ceiling until those specific reforms are in place. that's been missing in this d
we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right...
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Dec 11, 2012
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china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the battery company. the problem is, taxpayers have subicized a 123 and pumped in a grant and gave it to this outfit that is now bankrupt and china is picking up the pieces dirt cheap. the ball is in president obama's court. there is a committee that decides whether or not a foreign company can buy an american company. on what grounds do they wish to buy. is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by th
china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the...
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Dec 11, 2012
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. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with econ
. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck...
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Dec 11, 2012
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developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level playing field. an in tern in indiana did this research. guest: there is the risk of a trade war, a violation of the world trade organization pact. a lot of the big box stores rely on inexpensive imports. so it would be a trade-off. it would have an impact on the prices. host: winchester, ohio. thomas is an independent. caller: thanks for taking my call. i watch c-span all the time. i'm curious why this continuation of the republican versus democrat bashing goes on when there is such an important issue that needs to be taken care of in this country. why is there not a federal sales tax to take care of so
developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level...
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Dec 11, 2012
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. >>> researchers in china found a way to create blood cells using urine. researchers hope to one day use the new technique to treat diseases such as alzheimer's and parkinson's. >>> san francisco renters could soon find out ahead of time if they will be living next door to smokers. san francisco's board of supervisors could soon require landlords to give potential tenants a list of apartments where smoking is allowed. a city committee approved a plan and the board is expected -- board is expected to vote on it next ban. >>> 7:23. where is the smartest city in north america? one website says san francisco is the second smartest city. san francisco has a lining entrepreneurial economy -- this rhining entrepreneur economy, the report says, but they say it is near colleges and universities. behind san francisco are seattle and vancouver. >>> 7:23. we want to check in with sal. see what's happening on the roads. sal? >> yeah. boston has harvard. >> right. >> let's take a look at what we have. it's cambridge, technically. but you know what i mean. southbound 880
. >>> researchers in china found a way to create blood cells using urine. researchers hope to one day use the new technique to treat diseases such as alzheimer's and parkinson's. >>> san francisco renters could soon find out ahead of time if they will be living next door to smokers. san francisco's board of supervisors could soon require landlords to give potential tenants a list of apartments where smoking is allowed. a city committee approved a plan and the board is expected...